Return to the Sport Hotel example in the course notes, the lesson, and in Chapter 9. Suppose that everything stays the s

[answerhappygod]

Return to the Sport Hotel example in the course notes, thelesson, and in Chapter 9. Suppose that everything stays the same aswas presented in the original problem, except one thing -- thevalue of the hotel, should the city be awarded the franchise, isnot $8 million but instead is $5.35 million. Using this new valueof the hotel, what is the NPV of the project assuming that theprobability of the city being awarded the franchise is 70%?
$ million
Place your answer in millions of dollars using three decimalplaces. For example, the answer of nine hundred and seventy fivethousand would be entered as 0.975